townhome
R I C H M O N D - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
15 % DOWN
3 % DOWN
49 % UP
55 % DOWN
BUYER’S 8 %
The number of townhome listings in Richmond rose to 338 in February, 5% above the previous month and a 49% increase vs February 2018. The 28 townhome sales in February were 8% above January and a 55% drop vs last year. The townhome sales-to-listings ratio remained at 8%, as Richmond’s townhome market remained in buyer’s market territory. The benchmark price for townhomes in February was $796,400, 1.5% below January and 3% lower than in February 2018. The average sold price was $800,129 (up 1.3% from January) with an average PSF sales price of $524 (9% below January).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 323
% Change
No. 227
% Change
TOTAL LISTINGS
338
5% 8% 3%
49% -55% -70%
TOTAL SALES
28 8%
26 8%
62
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
27%
$796,400 $808,200 $800,129 $789,529
-1.5% $819,500 1.3% $883,739
-3% -9%
$524
$576
-9%
$619
-15%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$819,500 $839,000 $854,800 $865,400 $851,700 $819,800 $796,400
342
338
329
310
274
246
227
76
64
62
56
45
28
28
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
6
4+ bdrms
BUYER'S MARKET
89
17
3 bdrms
203
5
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
46
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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